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ERCOT Announces Organizational Changes to Promote Grid Reliability, Rapid Demand Growth, and Innovation

LCG, December 12, 2025--Today, the Electric Reliability Council of Texas, Inc. (ERCOT) announced strategic organizational changes designed to accelerate innovation, strengthen grid reliability, and support the unprecedented growth in the demand for electricity across Texas. To meet these objectives, ERCOT created two new organizations: Interconnection and Grid Analysis, and Enterprise Data and Artificial Intelligence (AI). The two organizations will formally launch in January 2026.

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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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Industry News

Energy Companies Adopt Trading Guidelines

LCG, November 19, 2002A group of U.S. energy companies has decided to adopt measures to regulate themselves in order to regain the faith of lenders, investors and regulators.

Officials from 31 energy companies and utilities have come together to form the Committee of Chief Risk Officers, which is responsible for creating voluntary market rules. The group, taking advice from regulators, security analysts, accountants, and credit rating agencies, endeavors to regain investor confidence by establishing energy market standards. The effort has taken shape quickly, beginning last month with Mirant Corp., Constellation, Duke Energy Corp., Tractabel SA, Dominion Resources Inc. and American Electric Power Co.

These rules address governance, credit risk management, and disclosure. While many companies were tepid at most about increased disclosure, peer pressure has apparently won over many industry players, who have now been convinced that greater transparency is the only way to attract otherwise wary investors. Among the measures to be instituted will be specific reporting on different kinds of transactions, in such a way that activities at distinct companies can be compared directly.

Many companies are interested in distancing themselves from the fraudulent behavior that has since landed many energy companies in court and in the red.

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